Oakdale Lease Extension - Your Legal Fees Calculator
Oakdale Lease Extensions: Q and A’s
I am in need of a rough estimate of what a lease extension will cost for a flat I would like to buy. It has 77 years unexpired.
I have contacted my freeholder for a lease extension for my flat in Oakdale. His conveyancing practitioners has been in contact with fees etc. I need an estimate for dealing with the legalities to secure a lease extension. The flat currently has a 99 YR lease which started April 1987.
I inherited a studio flat in Oakdale. The start date for the lease was in 1992 for 99 years. Now I am looking to extend the lease. I am unclear about additional expenses, could you tell me please how much I should expect to spend on this?
I am a first time buyer of a leasehold flat in Oakdale. The lease has only seventy four years remaining and ground rent is £50. Is it possible for the seller to serve the Initial Notice and then transfer over the right to me as the buyer once I complete the buying process so that I don't have to wait for the 2 year qualifying period before I can apply to for a lease extension or have to deal with all this expense later? I have read this is achievable but will it be very time costly to the flat owner? Unfortunately the freeholder can not be found, so I am not sure how does it work.
I an interested in finding out more about purchasing a leasehold residence. We are going to buy a semi detached house which is leasehold property is there any problem involved or hidden costs. Is it safe to buy a leasehold house in Oakdale area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to sublet the property?
Just been over two years that I have owned my one bedroom second floor purpose built maisonette in Oakdale. I have sixety one yrs left on the lease. I am now wanting to purchase a share of freehold or a lease extension. I acquired the property for 350K, it is now roughly 450k. I understand that 90 years is the period most people extend. I spoke to my solicitors about the process, he answered most of my questions but just have one left: What can I expect in terms of surveyors charges for a lease extension? Are they usually fixed or tend to increase over time (i.e. if the process drags to LVT)?
My OH and I are purchasing a ground floor flat in Oakdale which has share of freehold and a leasehold. The lease was on the short side so the vendor is in the process of extending the lease. The seller’s lawyer has submitted the lease extension paperwork which will result in the registration of a new lease at the land registry. A crucial aspect of the house buying process is for our conveyancing practitioners to do a "priority search" on the lease. The problem here is that as a lease extension has been submitted we've been told by our solicitors it may not be possible to do this "priority search" right now as the new property title number is not known. Is it correct that we must hold on until the new lease is registered?
I am the freeholder of a property in Oakdale and a leaseholder has requested a lease extension. Her so called valuation expert has provided a figure of £9,000, but has upped this to £10,000 at the drop of a hat. My valuer has come back with £12,520. Negotiations have broken down so it looks at though we need to go to LVT. If a lease extension does go to tribunal, can I handle the matter myself, just equipped with the valuations I have? If not, what costs would I be likely to face?
We currently own a maisonette in Oakdale and are looking to sell it this year so we can carry out some improvements on our family home. I checked the lease and it has sixety six years left. Not sure what to do, have read some bits on the web saying it will be 20k plus to get a lease extension. Do you have some advice on this? Do I contact the landlord first and will they be able to give me a cost?
I have a lease of fivety eight years remaining on my flat in Oakdale. We are looking for a lease extension, so we contacted our freehold company and they came back with a quote that was double the amount and half the extension time that the lease extension calculator provided. Is there anyway, without racking up a huge legal bill, we can ask the freehold company to provide their computation of the amount and how they derived to it?